Within a federally designated Qualified Opportunity Zone — investors may qualify for capital gains deferrals via a Qualified Opportunity Fund.
HUD Opportunity Zones ↗Within a 5-minute walk of a high-frequency LRT or BRT stop — a positive factor for density bonuses and Met Council Livable Communities grant scoring.
Metro Council — Livable Communities ↗In an ACP50 area — a Minneapolis priority designation that increases scoring for Great Streets gap financing, Affordable Housing Trust Fund, and other CPED programs.
Minneapolis — Affordable Housing Trust Fund ↗Designated a Priority parcel in Minneapolis's Great Streets program — eligible for facade improvement grants and commercial gap financing.
Minneapolis Great Streets ↗Within a HUD-designated Qualified Census Tract — LIHTC projects here receive a 30% basis boost, significantly increasing the tax credit allocation for affordable housing development.
HUD — LIHTC Qualified Census Tracts ↗Matching grants for exterior improvements to commercial buildings on eligible corridors; contact CPED for current availability.
Minneapolis — Facade Improvement Matching Grant ↗Below-market loans for commercial real estate development and rehabilitation on eligible corridors; priority given to Green Zone and ACP50 locations.
Minneapolis Great Streets — Gap Financing ↗Affordable housing developments in QCTs receive a 30% increase in eligible basis for Low Income Housing Tax Credits — materially improving project feasibility. Allocated through MHFA.
HUD — LIHTC Qualified Census Tracts ↗Competitive grants for affordable housing and transit-oriented development near high-frequency transit; proximity to LRT/BRT is a key scoring factor.
Metro Council — Livable Communities ↗Grants and loans for contamination assessment and cleanup on eligible redevelopment sites; does not indicate known contamination.
Minneapolis — Brownfield Grants ↗Signals are based on public datasets; program eligibility requires verification.
2 permits on record since 2002 · $275K total declared value · Most recent: Sep 2025 (remodel)
Cennox Inc
Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.
Minneapolis
ACS rents reflect current tenant leases and may differ from new market rents.
Source: 2022 ACS 5-Year Estimates · Census Tract 1062
Zip code 55406
Source: Redfin Data Center (Invalid Date) · Zip 55406
Current Tax Year
No buildable area could be estimated under current zoning setbacks. The lot may be too small or the setbacks consume the entire parcel.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 2618 FRANKLIN AVE E MINNEAPOLIS MN 55406 | ZIPP'S OF MINNEAPOLIS L P | COMMERCIAL-PREFERRED | $1,076,000 | 150 ft |
| 2515 9TH ST S MINNEAPOLIS MN 55406 | SEWARD TOWERS RENOVATION | LOW INCOME RENTAL | $25,545,000 | 218 ft |
| 2609 FRANKLIN AVE E MINNEAPOLIS MN 55406 | NATIFS HOLDINGS LLC | LAND-COMMERCIAL | $90,300 | 269 ft |
| 2627 FRANKLIN AVE E MINNEAPOLIS MN 55406 | FRANKLIN EAST LLC | COMMERCIAL-PREFERRED | $2,646,000 | 275 ft |
| 2601 FRANKLIN AVE E MINNEAPOLIS MN 55406 | NATIFS HOLDINGS LLC | COMMERCIAL-PREFERRED | $1,998,000 | 279 ft |
| 2010 27TH AVE S MINNEAPOLIS MN 55406 | FRANKLIN EAST LLC | COMMERCIAL-PREFERRED | $586,000 | 340 ft |
| 901 27TH AVE S MINNEAPOLIS MN 55406 | FRANKLIN LP | LOW INCOME RENTAL | $19,302,000 | 347 ft |
| 2525 FRANKLIN AVE E MINNEAPOLIS MN 55406 | FIVE SQUARE LLC | COMMERCIAL-PREFERRED | $1,660,000 | 369 ft |
| 2015 26TH AVE S MINNEAPOLIS MN 55406 | G M BARTER/C T HIGGINS ET AL | RESIDENTIAL-TWO UNIT | $392,100 | 406 ft |
| 2500 FRANKLIN AVE E MINNEAPOLIS MN 55406 | SEWARD TOWERS RENOVATION | LOW INCOME RENTAL | $623,000 | 409 ft |